Greenlight Re hit by downgrade despite return to profit in Q3


Greenlight Capital Re recorded a $30 million net profit in the third quarter of 2016 compared with a net loss of $219.7 million for the same period of 2015. Nevertheless, ratings agency AM Best downgraded the financial strength rating of Greenlight Reinsurance citing underwriting weaknesses.

Greenlight Re, AM Best, Cayman, Ireland, Results, Rating, David Einhorn, Bart Hedges

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